Local school taxes are collected by the county and placed in separate accounts for the given school districts. Those funds are district local funds and have nothing to do with state allocated funds. Also make note, local school board have the find decision on whether or not seniors receive the tax credit and bit fuzzy here but I do recall the board voting every year to continue or discontinue the tax credit. As I recall, the senior receives the tax credit once approved by the school board but the state reimburses the districts. But wait !!!!!!!!!!!! I do believe much of that senior tax credit is taken for the Equalization funds collected via local taxes. So we need the state auditor or someone to tell us exactly how much of the so-call district reimbursement is “state money” ?
(c)(1) If authorized by majority vote of the whole school board of the local school district pursuant to § 6102(q) of Title 29, there shall be allowed a credit against taxation imposed pursuant to this chapter on the valuation of any qualified property.
Folks it’s all a mess and yes the fact remains we need to take a hard looks how public education is being funded in Delaware. But do remember, I warned everyone long ago about how once Race to The Top federal “grant” ran it’s course Governor Markell would continue the RTTT programs and funding would default on local taxpayers. Also, make note, Race to The Top is officially dead as the feds didn’t not approved to extending future funding. This means that state is on the hook 100% for Smarter Balance Assessment that was going to be subsidized in part by Washington. Governor Markell has even approved positions at DE DOE funded by Race to The Top be shifted to state funded position. Folks there is a serious game of cash flow manipulation going on here!
Perhaps it’s time to reconsider state taxation of Social Security income for the affluent. Right not the state doesn’t collect any tax of Social Security income at all. Same applies to the school tax credits! Why not set an income level break point on both? Sticking it too wealthy seniors is better than to middle and lower income seniors! Perhaps exclude retire educators from tax credit on school taxes. After all, many of them supported referendums during their careers with it’s for the kids and just a cup of coffee rants.